

Wall Street is eyeing the bond market's long summer slump as oil price soar and debt levels escalate.

U.S. and U.K. 10-year government-bond yields rose to two-month highs while the equivalent German yield hit its highest level since 2011 as escalating clashes in the Middle East lifted Brent crude close to $100 a barrel.

One of the largest IPOs in history closed in June, drawing more than $300 billion in orders for $75 billion of shares sold, an oversubscription of roughly 4x.

Artificial intelligence, cryptocurrency and private markets have dominated ETF headlines this year, but one of the industry's fiercest battles is unfolding in a far less glamorous corner of the market: cash.

The choice between iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) and iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) looks trivial on paper.

The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May.

Fresh tensions over the Strait of Hormuz, a vital maritime route for 20% of the world's oil, could keep gasoline from falling below the $3 mark.

The Nikkei 225 Index traded sideways on July 8 as artificial intelligence (AI) stocks rebounded after Tuesday's sharp sell-off. The index was trading at 39,770, about 7% below its highest level this year.
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